Director/PDMR Shareholding

Hiscox Ltd

(the 'Company')

Notification of transactions by Directors or Persons Discharging Managerial Responsibilities ("PDMRs")

Hamilton, Bermuda - In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company announces that it has received notification that a transaction by a PDMR took place on 8 May 2013, as follows. A pledge was released over 317,511 ordinary shares in the Company, beneficially owned by Richard Watson.

The transaction took place in London.

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300